Halal Logistics Management Market: Historical Trends Vs Future Market Projections

Worldwide, the Muslim population has been growing at nearly 2% each year, nearly double the growth of the overall global population. This has been consequently adding revenues to the products and services designed under the periphery of Islamic laws.

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According to a State of the Global Economy report, the Muslim population is expected to spend US$ 3 Tn by 2021, up from US$ 1.9 Tn in 2015. In the U.S. alone, Muslims have a disposable income of US$ 110 Bn. These statistics indicate a favourable market for halal logistics.

As per a new report published by Fact.MR, the global halal logistics market is anticipated to exceed a valuation of US$ 280 Bn by 2021, and is expected to expand at an impressive CAGR of close to 9% over the forecast period of 2021 to 2031.

Key Takeaways from Market Study

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In 2020, South Asia and East Asia together accounted for over 50% revenue of the global market.
The market in the Middle East and Africa is estimated to expand over threefold from 2021 and 2031.

The storage segment accounted for nearly 60% of market revenue.
The market generated over US$ 168 Bn revenue from food & beverage end use.
The halal logistics market is moderately concentrated, where companies such as Nippon Express, TIBA Group, MASkargo, Yusen Logistics Co., Ltd., and TASCO Berhad account for a majority of the market share.

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The Halal Logistics Management market report answers important questions which include:
• What does the status of the Halal Logistics Management market look like after the forecast period?
• Which region has the highest contribution to the global Halal Logistics Management market and why?
• Which players remain at the top of the global Halal Logistics Management market?
• What opportunities are available for the Halal Logistics Management market players to expand their production footprint?
• Which segment has the maximum impact on the global Halal Logistics Management market?

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Research Insight: https://www.factmr.com/report/halal-logistics-market
Content Source:https://www.factmr.com/media-release/1908/global-halal-logistics-market

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This release was published on openPR.